There are four questions about the debt ceiling deal
Tom Massie and the House Rules Committee aren’t happy with the Treasury Debt Reduction Deal Neither President Biden nor Congressman McCarthy approves
The Treasury Department has said that the US may not have enough money to pay all of its bills by June 5, so the Senate may take a weekend vote to pass the legislation.
Tom Massie, a potential third vote to block the bill, thinks he will vote for the rule. He said that Rules panel members who decide whether a bill moves to a full vote on the floor of the House need to give the other Congress an ” honest shake” and an opportunity to speak with a vote on the floor.
If three GOP members join with Democrats, they could derail the deal. The legislation may be supported by Democrats after President Biden sealed the debt deal.
The House Rules Committee, the next stop for the legislation, convenes Tuesday afternoon. The speaker’s bills are typically drafted by the speaker on the panel, which includes nine Republicans and four Democrats.
“The vast majority of the Republican conference in the House is going to vote for this bill. And and how could they not? It is in many ways an historic accomplishment,” he said, noting the reduction in spending and changes to welfare reform policy.
Republican Rep. Dusty Johnson of South Dakota, who chairs the conservative Main Street Caucus, maintains the compromise legislation can still pass the House.
The fact that conservative GOP — and progressive Democratic — lawmakers aren’t happy with the final compromise deal isn’t entirely surprising. Top congressional leaders as well as President Biden said that no one would walk away completely satisfied. The congressman told All Things Considered on Tuesday that many in the caucus were against the bill over some of the spending cuts. “We have to hold the line against people getting screwed, getting kicked off of vital food programs, getting kicked off of their child core assistance, losing health care or losing housing,” Casar said. The group argues that savings could have been found instead by closing tax loopholes for wealthy taxpayers.
The most conservative outcome we possibly could has been achieved with a narrow majority in the House. “I wanted more — I absolutely wanted more — but what we have here is better than what was about to come.”
Biden and McCarthy agreed to a small package of spending nips and safety net tucks. Some of the policy is stupid (like cutting funding for I.R.S. enforcement) and some of it is cruel (like adding work requirements for some older adults who need food stamps) but what is most surprising about the package is its size. It’s about a $69 billion cut to spending next year and a $112 billion cut in 2025, with no significant budget caps or automatic cuts kicking in after two years. The Inflation Reduction Act and student loan cancellation are still part of Biden’s accomplishments.
The deal McCarthy and Biden reached in principal over the weekend would avoid a historic government debt default by raising the nation’s debt ceiling for nearly two years.
A rule McCarthy agreed to in January allowed any House member to offer a resolution to remove the speaker.
Roy argued there was a “breach” in the structure set up by House Republicans after the January vote to elect McCarthy as speaker. He vowed to fight the new compromise bill and, without mentioning the speaker by name, added: “No matter what happens, there is going to be a reckoning.”
The Republican conference has been torn asunder by members of the Freedom Caucus says Texas Rep. Chip Roy. “Not one Republican should vote for this deal – not one.”
“This deal fails completely, and we will do everything we can to stop it, even if it doesn’t succeed,” the House Freedom Caucus Chairman said while speaking to caucus members Tuesday afternoon.
Threatening default — and we came within days of it this time — in order to get a deal like this is like threatening to detonate a bomb beneath the bank unless the teller gives you $150 and a commemorative mug. It is a strange mismatch of means and ends.